Sales Jam: Ford Down 35% And Toyota Down 32%

[fused]

It looks as though the credit crunch is killing the automotive sector. Many dealerships cannot get financing and they cannot sell cars because banks won't lend to consumers.

http://bloomberg.com/apps/news?pid=20601087&sid=a38DBL6ufMgw&refer=home

[Anonymous]

Dammit .... how long do you think before they start slashing MORE jobs?

[fused]

Now it's bad news everyday, all day. I'm terrifed of where all of this is heading. This bailout probably won't help...it's FAR to small.

[MidnightVoice]

Hang on to your hat.  And your wallet! 

[Anonymous]

---

@fused wrote:
Now it's bad news everyday, all day. I'm terrifed of where all of this is heading. This bailout probably won't help...it's FAR to small.

---

I dunno ... I'm terrified more of what they WILL do than what they won't do. I don't think I've ever seen a situation where a politician made a bad situation any better --- in fact, they usually make it worse.

Not being political here, but just saying that politicians, no matter the party, are loyal to one thing: politics. I just don't see any good coming out of ANY of it.

But then, I'm in a pessimistic mood today. Just met a nice new family in our complex. Mom, Dad, and two sweet kids under 8yo (and as the Loretta Lynn song goes "One on the Way"). They were foreclosed on last month.

*sigh*